Alma Corp. issues 1,060 shares of $5 par common stock at $19 per share. When the transaction is recorded, credits are made to a. Common Stock, $5,300 and Paid-In Capital in Excess of Par-Common Stock, $14,840. b. Common Stock, $5,300 and Retained Earnings, $14,840. c. Common Stock, $20,140. d. Common Stock, $14,840 and Paid-In Capital in Excess of Stated Value, $5,300. On June 8, Williams Company issued an $88,800, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? Round your answer to the nearest whole dollar. Ca. $91,464 b. $7,992 c. $96,792 d. $88,800 Land originally purchased for $25,076 is sold for $76,371 in cash. What is the effect of the sale on the accounting equation? a. assets increase by $18,459; no change in liabilities; owner's equity increases by $76,371 b. assets increase by $51,295, owner's equity increases by $51,295 c. assets increase by $76,371; liabilities decrease by $25,076; owner's equity increases $51,295 d. assets increase by $76,371; Owner's equity increases by $76,371